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14808 N 28th Place Phoenix, AZ 85032

3 Beds 2 Baths 1,625 sqft Built 1978

$380,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $233.85
  • 3 Days on Market
  • MLS # : 6160247
  • Updated Date : 11/20/2020 at 14:53
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,625 sqft
  • Baths : 2 full
Listing Agent

West Usa Realty

Listing Agent's Description

NO HOA!!! Beautiful curb appeal for this charming 3 bed, 2 bath. This cul-de-sac lot home has amazing mountain views! Beautiful tile floors throughout. Plantation Shutters. The Living room has travertine flooring and Kiva Fireplace. The kitchen has an abundance of Alder wood cabinets, stone backsplash, SS appliances and is open to Great Room. Laundry is off the kitchen with newer LG washer & dryer. The second bath has been updated with beautiful tile work. The backyard has a covered patio, sparkling pool and nice grass area for the kids & pets to play! Easy access to schools, shopping and major freeways.

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Cimarron Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $91k397k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cimarron Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900Rent in $9341981

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Palomino Intermediate School Primary Regular 499 25 2
Greenway Middle School Middle Regular 518 26 2
Paradise Valley High School High Regular 1,806 99 5

Palomino Intermediate School

  • Education Level: Primary
  • # of students: 499
  • # of teachers: 25
2
GreatSchools Rating

Greenway Middle School

  • Education Level: Middle
  • # of students: 518
  • # of teachers: 26
2
GreatSchools Rating

Paradise Valley High School

  • Education Level: High
  • # of students: 1,806
  • # of teachers: 99
5
GreatSchools Rating
 

$342,000$418,000$380,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$1,402
Property Tax -$239
Property Insurance -$59
Property Management Fees -$99
CASH FLOW
-$239

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 15% of earned rent to cover both maintenance and periods of vacancy.

$380,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.41%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.17%
Appreciation Year (1-5) 4.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.60%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,450

INVESTMENT

$106,450

Down Payment
$95,000
Rehab Estimate
$5,750
Closing Costs
$5,700

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $95,000
Loan Amount $285,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,224

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,682

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,4503$1,6504$1,7455$1,900
$1,900
RENT COMPS ANALYSIS
  • 14808 N 28th Place Phoenix, AZ 1
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1978
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2351 E Evans Drive Phoenix, AZ 2
    • 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1992 3 beds 3 baths ∙ 1,511 Sqft ∙ Built 1992
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.96
    •  
  • 2451 E Blanche Drive Phoenix, AZ 3
    • 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1965 4 beds 3 baths ∙ 1,755 Sqft ∙ Built 1965
    property image
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.94
    •  
  • 14623 N 32nd Place Phoenix, AZ 4
    • 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,617 Sqft ∙ Built 1973
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $1.08
    •  
  • 14008 N 29th Street Phoenix, AZ 5
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1991
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.16
    •  
PROPERTY LISTING DETAILS
Teri M Blakeley
West Usa Realty
Brandon Graham
1.866.250.5610
Mynd Property Management
LC664597000
Arizona Regional Multiple Listing Service, Inc. ( ARMLS)
MLS #: 6160247
Last Updated: 11/20/2020
support@investimateroi.com

Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. © 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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